International Finance Corporation

The International Finance Corporation (IFC) is a member of The World Bank Group that focuses on fostering sustainable economic growth in developing countries through private sector investment. It provides a range of financial services, including loans, equity investments, quasi-equity products, and advisory services aimed at supporting startups and various stages of company development. IFC invests in sectors such as agribusiness, financial services, health, education, infrastructure, global manufacturing, oil and gas, telecommunications, and tourism, with a particular emphasis on projects that promote food security, digital finance, and affordable healthcare. The organization targets investments ranging from $1 million to $100 million, often seeking minority stakes but may also take a majority position in its portfolio companies. IFC aims to create jobs, generate tax revenues, and enhance corporate governance in emerging markets, thus contributing positively to local communities. Established in 1956 and headquartered in Washington, D.C., IFC operates globally with offices across various regions, focusing its efforts on financing projects that align with its mission of improving lives in developing countries.

Hyung K. Ahn

Principal Investment Officer

Irene Arias

Global Director of Financial Institutions Group and Director of Latin America and the Caribbean

Georgina Baker

Vice President, Latin America and the Caribbean, and Europe and Central Asia

Paulo de Bolle

Global Director

Peter Joseph Cashion

Head of Climate Finance FIG and CIO

Andrea Engel

Senior Country Officer, Principal Country Officer and Principal Country Manager

Rapti Goonesekere

Principal Economist

Christian Grossmann

Director for Climate Change

Mandeep Julka

Associate Investment Officer

Rana Karadsheh

Principal Investment Officer and Country Manager

Kyle Kelhofer

Country Manager for Vietnam

Alzbeta Klein

Global Industries Director and Director of Climate Business

Galina Vsevolodovna Klimenko

Principal Investment Officer of Financial Markets

Toshitake Kurosawa

Director

André Laude

CIO of Climate Finance

Mouayed Makhlouf

Regional Director of Middle East and North Africa

Paolo M. Martelli

Regional Industry Director of Latin America and the Caribbean

Atul Mehta

Senior Director of Telecom, Media and Tech, Venture Investing and Funds

Vivek Pathak

Director of East Asia and Pacific

Mary Porter Peshka

Director of Cross-cutting Advisory Services

Tomasz Telma

Senior Director of Manufacturing, Agri. and Services

Mary Beth Ward

Principal Syndications Officer and Team Leader

Tracy Washington

Principal Investment Officer for Global PE Funds and Regional and Sectoral Lead of SME Ventures Program

Al Murshed, Walid

Principal Country Officer

Past deals in Food Processing

Westfalia Fruit

Debt Financing in 2023
Westfalia Fruit is a multinational supplier of fresh fruit and related processed​ products to international markets. Part of the Hans Merensky Holdings Group, Westfalia grows, sources and ripens, packs, processes and markets sustainably-grown avocados year round. Its vertically-integrated supply chain enables Westfalia to market quality fruit from across the globe.

Usina Santa Adélia

Debt Financing in 2022
Usina Santa Adélia Produces agro-industrial food and energy from renewable sources, with strict quality and sustainability standards.

Sayurbox

Series C in 2022
SayurBox, PT operates a platform that allows customers to buy pesticide-free vegetables through farm-to-table concept. Its platform allows users to choose organic, hydroponic, pesticide-free, and chemical-free produce in various categories, such as vegetables, fruits, grains, herbs and seasonings, protein food, and ready to consume; click-to-harvest on the produce and adjust quantity; and select delivery date. The company sources and delivers the produce directly from local farmers to customers in DKI Jakarta and South Tangerang areas. SayurBox, PT was founded in 2016 and is based in Jakarta Selatan, Indonesia.

WayCool

Series D in 2022
WayCool Foods & Products Pvt. Ltd. is an agri-tech company based in Chennai, India, specializing in the procurement, processing, and distribution of fresh produce, dairy products, and grocery staples. Founded in 2015, the company sources fruits and vegetables from smallholder farmers and aggregators, facilitating direct links between farmers and consumers. WayCool employs innovative technology to enhance logistics and food safety, ensuring the quality of its products. It operates a diverse distribution network that includes retail stores under the brand SunnyBee, mobile stores on trucks, and e-commerce platforms, primarily serving the Chennai area. Additionally, WayCool designs and manages storage facilities and cold chain distribution operations, aiming to increase farmers' incomes while providing fresh produce to local shops, restaurants, and catering establishments. The company's vision focuses on becoming a leading food development and distribution entity in India, positively impacting the agricultural community.

WayCool

Debt Financing in 2022
WayCool Foods & Products Pvt. Ltd. is an agri-tech company based in Chennai, India, specializing in the procurement, processing, and distribution of fresh produce, dairy products, and grocery staples. Founded in 2015, the company sources fruits and vegetables from smallholder farmers and aggregators, facilitating direct links between farmers and consumers. WayCool employs innovative technology to enhance logistics and food safety, ensuring the quality of its products. It operates a diverse distribution network that includes retail stores under the brand SunnyBee, mobile stores on trucks, and e-commerce platforms, primarily serving the Chennai area. Additionally, WayCool designs and manages storage facilities and cold chain distribution operations, aiming to increase farmers' incomes while providing fresh produce to local shops, restaurants, and catering establishments. The company's vision focuses on becoming a leading food development and distribution entity in India, positively impacting the agricultural community.

OCP S.A.

Debt Financing in 2021
OCP S.A. is a Moroccan company specializing in the production and sale of phosphate rock, phosphoric acid, and fertilizers. Founded in 1920 and headquartered in Casablanca, it operates through two main segments: Northern Axis and Central Axis. The company provides a variety of products, including phosphate rock for fertilizers and animal feed, as well as purified and merchant grade phosphoric acid for use in industries such as food and pharmaceuticals. Additionally, OCP S.A. produces binary fertilizers like mono-ammonium phosphate, di-ammonium phosphate, and triple super phosphate, along with fortified and soluble fertilizers and animal phosphate feed. The company exports its products to multiple regions, including North America, South America, Europe, Africa, India, Asia, and Oceania, and collaborates closely with over 160 clients worldwide to enhance soil quality and agricultural productivity sustainably.

ProducePay

Series C in 2021
Produce Pay was first conceived at Cornell University. With strong support from experienced faculty and the student body, it was able to rapidly gain momentum. Produce Pay obtained recognition from Cornell’s entrepreneurial community and was soon dubbed "The Next Johnson Start-Up," in reference to Cornell’s S.C. Johnson Graduate School of Management.

Frontier Nutrition

Series B in 2021
Frontier Nutrition, Inc. is a company that develops and manufactures nutritious food products aimed at addressing the dietary needs of families in low-income communities globally. Established in 2016 and based in Dover, Delaware, Frontier Nutrition focuses on creating innovative and appealing packaged food items that cater to the specific nutritional requirements of these communities. The company's offerings are grounded in advanced research in pediatric nutrition and behavioral marketing, ensuring that the recipes are tailored to traditional diets while optimizing for taste, nutrition, and affordability. Through its strategic initiatives, Frontier Nutrition strives to make a meaningful impact on the health and well-being of underserved populations.

Apeel Sciences

Venture Round in 2020
Apeel Sciences, founded in 2012 and headquartered in Santa Barbara, California, specializes in developing plant-derived solutions aimed at reducing food waste and extending the shelf life of fresh produce. The company's innovative products, such as Edipeel and Invisipeel, are designed to protect fruits and vegetables from environmental factors and pre-harvest challenges, effectively doubling their lifespan without the need for refrigeration. By utilizing advances in materials science, Apeel Sciences addresses the global food waste crisis, which amounts to approximately $2.6 trillion annually. The company's technologies not only help to minimize spoilage but also contribute to reducing water and energy consumption while preserving natural ecosystems. Apeel Sciences has gained support from a range of private investors and philanthropic partners, including prominent organizations like the Bill & Melinda Gates Foundation and the Rockefeller Foundation.
DSIL is based in Northern India with a portfolio of products comprising of sugar, alcohol, fine chemicals and rayon tyrecord.

Olam

Debt Financing in 2020
Olam SVI is a food & beverages company that provides onion, garlic, spices, herbs, tomatoes, and capsicums.

Grainpulse

Venture Round in 2019
Grainpulse Limited offers collection, storage, processing, and loading of coffee, grains, and animal feed. The company also offers fertilizers blends. Grainpulse Limited was founded in 2002 and is based in Kampala, Uganda.

Srinivasa Farms

Corporate Round in 2019
Srinivasa Farms is a poultry farming and breeding service provider located in Hyderabad, India. The company specializes in animal husbandry, focusing on the breeding of layers and broilers. In addition to its breeding services, Srinivasa Farms engages in the trading of poultry and poultry-related products, ensuring the availability of quality poultry items for its customers. Through its operations, the company aims to meet the demands of the poultry market while maintaining high standards in its farming practices.

Srinivasa Farms

Venture Round in 2018
Srinivasa Farms is a poultry farming and breeding service provider located in Hyderabad, India. The company specializes in animal husbandry, focusing on the breeding of layers and broilers. In addition to its breeding services, Srinivasa Farms engages in the trading of poultry and poultry-related products, ensuring the availability of quality poultry items for its customers. Through its operations, the company aims to meet the demands of the poultry market while maintaining high standards in its farming practices.

Grupo Los Grobo

Private Equity Round in 2016
Grupo Los Grobo is a leading agribusiness and investment company both in Brazil and the whole of Latin America in terms of the production and commercialization of agricultural commodities. They offer a broad, integrated and diversified business platform that covers agricultural land development, services that go from input provision to technical and financial assistance for small producers, as well as our own farming activities, wheat processing and commodities industrialization.

Organica Water

Series B in 2013
Organica Water, Inc. is a wastewater design-build company specializing in innovative solutions for the treatment and recycling of wastewater. Established in 1998, the company has evolved from a traditional operator in Hungary to a global leader in biological wastewater treatment technology. Organica offers a range of products and services, including design packages, operational supervision, and advanced process control software. Key offerings include the Organica Bluehouse, a pre-assembled and containerized wastewater treatment solution, and the Organica Biomodule, which serves as a biofilm carrier. Additionally, the Organica Scallop Discfilter effectively removes remaining suspended solids post-treatment. The company's Fixed-Bed Biofilm Activated Sludge system and Organica Food Chain Reactor address various wastewater treatment needs, catering to municipal, industrial, and commercial clients. With a presence in multiple countries, including Hungary, the United States, India, China, and Indonesia, Organica Water has built over 75 wastewater treatment plants and continues to expand its innovative solutions globally.

DQY Ecological

Series A in 2006
Beijing Deqingyuan Agricultural Technology Co.,Ltd. engages in production and sales of eggs. The company offers eggs and egg products, such as shell eggs, eco-eggs, nutritional liquid eggs, chicken meat, and organic vegetables and fruits. The company operates an eco-plant that includes shell and liquid egg processing facilities, feed formulation, a biogas power plant, and a chicken meat processing plant. Beijing Deqingyuan Agricultural Technology Co.,Ltd. was formerly known as Beijing Baodi Qingyuan Agricultural Technology Co Ltd. and changed its name to Beijing Deqingyuan Agricultural Technology Co.,Ltd. in October 2004. The company was founded in 2002 and is headquartered in Beijing, China.